511, ELEVATE by Prescott
Sold prices and rental history: sold twice, last in November 2024, and rented once, from May 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, ELEVATE by Prescott
What is 511 worth today?
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Source: Dubai Land Department. Updated 7 May 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,224 sqft
- Floor
- 5th of 15
- Parking
- 1
- Developer
- Prescott Real Estate Development
- Completed
- 2025
- Last sold
- AED 1.6M · November 2024
- Building
- ELEVATE by Prescott
About 511, ELEVATE by Prescott
511 is a two-bedroom apartment of 1,224 sqft on the 5th floor of ELEVATE by Prescott, a 15-storey tower in Arjan completed in 2025 by Prescott Real Estate Development . It last sold on 11 November 2024 for AED 1,600,000, or AED 1,306 per sqft, 13% above the AED 1,155 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 7 May 2026. The current contract, signed on 7 May 2026, is AED 118,000 a year: a gross yield of 7.4% on the 2024 price.
Sales and rents for 511 over time
511 has sold twice; the dashed line is the two-bed median of each year in the building.
2-beds in ELEVATE by Prescott, and where 511 sits
All 30 2-beds →511 last sold in November 2024 at AED 1,306 per sqft, 13% above what two-beds in ELEVATE by Prescott were fetching at the time (AED 1,155). Over the last 12 months two-beds sold for AED 1,300,000 to 2,000,000, around AED 1,473 per sqft, and rent for AED 100,000 to 145,000 a year. 511's AED 118,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,233 sqft | 1,660,000 | 1,346 | ||
| 19 Aug 202619 August 2026 | 1,233 sqft | 1,650,000 | 1,337 | ||
| 18 Aug 202618 August 2026 | 1,233 sqft | 1,700,000 | 1,378 | ||
| 4 Aug 20264 August 2026 | 1,221 sqft | 1,900,000 | 1,556 |
ELEVATE by Prescott
Building223 apartments, studios to 2-bed over 15 floors in Arjan, completed in 2025 by Prescott Real Estate Development . 49 sold in the last 12 months.
- Typical price per sqft
- AED 1,539 Up 5.8%
- Typical sale
- AED 1.11M
- Typical rent
- AED 55K /yr
- Typical yield
- 7.2%
Other units on the 5th floor
All 223 units in ELEVATE by Prescott| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 777 sqft | AED 1.23MAED 1,230,000 · Apr 2026April 2026 | 78,000 /yr | |
| 502 | 1-bed | 780 sqft | AED 1.18MAED 1,180,000 · May 2026May 2026 | ||
| 503 | 1-bed | 732 sqft | AED 1.1MAED 1,100,000 · Feb 2026February 2026 | ||
| 504 | Studio | 405 sqft | AED 620KAED 620,000 · May 2025May 2025 | 52,000 /yr | |
| 505 | 2-bed | 1,236 sqft | AED 1.28MAED 1,275,000 · Jul 2023July 2023 | 122,000 /yr | |
| 506 | Studio | 467 sqft | AED 540KAED 540,000 · May 2023May 2023 | 50,000 /yr | |
| 507 | Studio | 422 sqft | AED 550KAED 550,000 · Jul 2023July 2023 | ||
| 508 | Studio | 425 sqft | AED 708KAED 707,750 · Apr 2026April 2026 | 53,000 /yr | |
| 509 | Studio | 424 sqft | AED 650KAED 650,000 · Jun 2026June 2026 | ||
| 510 | Studio | 423 sqft | AED 525KAED 525,000 · Jun 2023June 2023 | 49,000 /yr | |
| 512 | Studio | 403 sqft | AED 680KAED 680,000 · Dec 2025December 2025 | ||
| 513 | Studio | 459 sqft | AED 650KAED 650,000 · Dec 2024December 2024 | 55,000 /yr | |
| 514 | 1-bed | 878 sqft | AED 870KAED 870,000 · May 2023May 2023 | 80,000 /yr | |
| 515 | 1-bed | 742 sqft | AED 850KAED 850,000 · Jul 2023July 2023 | 80,000 /yr |
511, ELEVATE by Prescott in numbers
- Sold twice: first on 26 April 2023 for AED 1,300,000, last on 11 November 2024 for AED 1,600,000 (AED 1,306 per sqft).
- Rented since May 2026 on one Ejari contract, at AED 118,000 a year.
- At AED 118,000 a year the gross yield on the 2024 price is 7.4%.
- Two-beds in ELEVATE by Prescott sold for AED 1,300,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,539 per sqft.
Source: Dubai Land Department. Updated 7 May 2026.
Questions about 511, ELEVATE by Prescott
What did unit 511 last sell for?
AED 1,600,000 on 11 November 2024: AED 1,306 per sqft for 1,224 sqft. The unit has 2 registered sales; the first was AED 1,300,000 in April 2023.
What is the rent for unit 511?
AED 118,000 a year on the contract signed on 7 May 2026.
How big is unit 511?
1,224 sqft (113.7 sqm): a two-bedroom apartment on the 5th floor of a 15-storey tower completed in 2025.
What is unit 511 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in ELEVATE by Prescott sold for AED 1,300,000 to 2,000,000 in the last 12 months, around AED 1,473 per sqft.
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Mortgage on 511, ELEVATE by Prescott
Starts from the last sale price (AED 1.6M, 11 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →